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Minimum wage - Canada - Federal and Provincial - August 2017
1. MINIMUM WAGE - CANADA
- FEDERAL AND PROVINCIAL
- AUGUST 2017
BY: PAUL YOUNG, CPA, CGA
AUGUST 23, 2017
2. PAUL YOUNG - BIO
• CPA, CGA
• Financial Solutions
• SME – Business Process Changes
• SME – Risk Management
• SME – Close, Consolidate and
Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
• Academia – Advance Accounting,
Public Finance and Advanced
Management Systems
Contact information:
Paul_Young_CGA@Hotmail.com
3. COMMENTARY
• CLC has charmed in to say there is 100,000 workers that are paid minimum wage -
http://canadianlabour.ca/news/news-archive/why-canada-needs-federal-minimum-wage
• It does seem the NDP is using CLC numbers, but they do not align with stats -
• Source - http://www.ctvnews.ca/politics/fact-check-ndp-and-liberals-on-the-15-minimum-wage-1.2517664
• Source - http://thetyee.ca/News/2015/08/11/NDP-Federal-Minimum-Wage/. NDP source says it 100,000 worker, but
no stats to back up claim. We all know the NDP inflate their numbers to look good to their sheep
• Source - http://globalnews.ca/news/2151323/reality-check-does-the-ndp-minimum-wage-plan-leave-out-99-of-
minimum-wage-earners/
• We all know the “100,000 level” was done on purpose to play to low informed voter! It seems my sources
which includes about 5 have a different take than CLC. CLC is labor group so we all know they will push pro-
NDP policies including skewing the numbers
http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/econ40-eng.htm
Assumptions
This is based on 40 hours and employees not cutting hours.
The accommodation/food services could see 62% increase cost to labor as such likely will cut hours or staff. http://www.computerworld.com/article/2837810/automation-arrives-at-restaurants-but-dont-blame-rising-minimum-wages.html or other technology to reduced costs
Cost increases will be passed on to consumers in terms of higher prices. So, what may look good on paper may a negative impact
http://www.chamber.ca/media/blog/130220_SME_Skills_Symposium_Report.pdf
1. Where is Notley’s plan for skills development? It seems to me that Premier Notley think it is all about taxation and increasing costs for business